NEWS ARCHIVE

Golden Gate shifts its sights

GOLDEN Gate Petroleum may soon set its sights on Australian exploration, with a purchase and sale agreement struck with Laredo Petroleum for Golden Gate's Permian assets in the US.

A base sales price of $US5.35 million ($A5.8 million) has been outlined under the agreement but will be adjusted for the production and sale of hydrocarbons and the allocation of taxes both before and...

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